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SVTPerformance's Chain of Restaurants
Road Side Pub
75% Of Parents Helping Their Adult Children Pay Bills
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<blockquote data-quote="KilledbyKenne" data-source="post: 15864822" data-attributes="member: 154527"><p>I think a lot of the issues derive from the fact that parents(and schools) don't teach kids enough about proper money management. I received nearly zero "training" in high school. My parents didn't teach much about it either. My kids are still too young to learn and understand money management, but when they are older, I am going to do my best to pass on all my knowledge that I had to learn from hard trial and error. I hope that I can start them on an early path to being well off by saving and living within their budget. </p><p></p><p>Biggest difference for me is that I learned 1 very important thing from my parents. Work ethic. (Another thing a lot of kids these days lack) I have had plenty of very hard years of trying to make ends meet, but I have done whatever is necessary to always cover my own bills. (Working 2 jobs for the past 10 years) My parents have never paid for anything for me once I moved out, other than the occasional celebratory dinner. </p><p></p><p>Even if my parents didn't teach me much about managing my money, they did force me to grow up. They made me pay rent after high school and told me when I turned 20 that if I'm not in school by 21, I had to move out. School isn't something I wanted to do, so in the next 10 months I worked on putting money away and a month before I turned 21 I bought my first house. It was a modest little house, but it was mine and it taught me a lot. Mortgage was $850 a month. I was only making $11.50/hr. Money was tight, but I did it all on my own.</p></blockquote><p></p>
[QUOTE="KilledbyKenne, post: 15864822, member: 154527"] I think a lot of the issues derive from the fact that parents(and schools) don't teach kids enough about proper money management. I received nearly zero "training" in high school. My parents didn't teach much about it either. My kids are still too young to learn and understand money management, but when they are older, I am going to do my best to pass on all my knowledge that I had to learn from hard trial and error. I hope that I can start them on an early path to being well off by saving and living within their budget. Biggest difference for me is that I learned 1 very important thing from my parents. Work ethic. (Another thing a lot of kids these days lack) I have had plenty of very hard years of trying to make ends meet, but I have done whatever is necessary to always cover my own bills. (Working 2 jobs for the past 10 years) My parents have never paid for anything for me once I moved out, other than the occasional celebratory dinner. Even if my parents didn't teach me much about managing my money, they did force me to grow up. They made me pay rent after high school and told me when I turned 20 that if I'm not in school by 21, I had to move out. School isn't something I wanted to do, so in the next 10 months I worked on putting money away and a month before I turned 21 I bought my first house. It was a modest little house, but it was mine and it taught me a lot. Mortgage was $850 a month. I was only making $11.50/hr. Money was tight, but I did it all on my own. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
75% Of Parents Helping Their Adult Children Pay Bills
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